Financial ServicesHNB partners Adl Capital for Islamic banking solutions
Hatton National Bank PLC became the newest entrant to the growing domestic market of Islamic banking with the launch early last week of the bank’s dedicated and branded Islamic Banking Unit – HNB – Al Najah. The unit will operate under the overall ambit of HNB and will offer a broad spectrum of Shariah compliant products and services to its entire clientele.
With interest rates rising, stock selectivity becomes vital: DNH
Broking firm DNH Financial Ltd. is stressing that with interest rates on the rise, stock selectivity becomes even more vital for investors.
It said Treasuries yields have risen across maturities with the three month, six month and 12 month yields rising by 31 bps, 24 bps and 15 bps respectively to 10.11%, 10.18% and 10.45% respectively. A total of Rs. 10 billion were offered for sale at the last bill auction while Rs. 9.47 billion of bids were accepted.
Fitch Affirms Standard Chartered Sri Lanka Branch at ‘AAA(lka)’
Fitch Ratings Lanka has affirmed Standard Chartered Bank, Sri Lanka Branch’s (SCBSL) National Long-Term rating at ‘AAA(lka)’. The Outlook is Stable.
MasterCard sees controlled explosion in Asia plastic
Reuters: MasterCard Inc (MA.N) is counting on responsible spending and rare defaults among its customers in Asia, along with a greater use of credit by the region’s young, its chief financial officer told Reuters on Wednesday.
Corporate bonds in 2012: Challenging for banks, industrials better off – Fitch
In its new quarterly report on rating and issuance trends in the EMEA corporate bond market, Fitch Ratings says that many banks continue to face rating and refinancing pressure in 2012 while prospects for industrial companies are better.
MBSL celebrates 30 years of successful operation
Embraced by the parental strength of the Bank of Ceylon, Merchant Bank is an incumbent player that has projected immense comfort cum stability to its clientele, while blending with better industry practices.
Blackstone tops hedge fund investor list
LONDON (Reuters): Blackstone was the largest fund of hedge funds last year ahead of banking groups HSBC and UBS, according to a survey which showed that the total assets managed by these types of investors failed to grow amid criticisms of high fees.
NTB ties up with Colombo Money Transfer
To promote remittances to Non Resident Sri Lankans in Australia
Nations Trust Bank (NTB) PLC, Sri Lanka’s fastest growing bank, in operation for over a decade now, has signed up with a number of remittance partners worldwide to offer a fast and convenient remittance service across its expanding branch network.
The bank recently entered into a partnership with Colombo Money Transfer Services Pvt Ltd and an agreement to this effect was signed recently at the bank’s head office in Colombo.
HNB promotes Pathum Vimana 2012
Sri Lanka’s most popular deposit draw scheme ‘HNB Pathum Vimana 2012’ was launched recently for the 20th year, offering prizes worth millions of rupees and many more.
In an interview, HNB Assistant General Manager, Personal Financial Services R.M.P Dayawansa said HNB Pathum Vimana is the most attractive rewarding scheme in the country that has been continuing from 1993.
CDB opens its doors in Trincomalee
Citizens Development Business Finance PLC (CDB) recently consolidated its presence in the Eastern town of Trincomalee, thereby offering its bouquet of products and financial services to the people of the city and surrounding areas.
Operative at No. 266, Central Road, Trincomalee, this new outlet is equipped with all modern facilities and enables speedy access via sophisticated technology. Supporting real-time service for customer requirements, it also facilitates better convenience and allows clients to experience CDB’s multi-layered financial solutions.
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